E9-5 Calculating Direct Materials and Direct Labor Variances [LO 9-3, 9-4] Crystal Cham Company makes handcrafted silver charms that attach to jewelry such as a necklace or bracelet. Each charm is adorned with twc crystals of various colors. Standard costs follow: Silver Crystals Direct labor Standard Quantity Standard Rate) 0.25 oz. $29.00 o per roz 4.00 S 0.10 per crystal 200 hrs. $18.00 per hr. Standart Unit Cost $ 7.25 1.60 38.00 During the month of January, Crystal Charm made 1,600 charms. The company used 375 ounces of silver (total cost of $11.250) and 6,450 crystals (total oost of $2.451.00), and paid for 3,350 actual direct labor hours (cost of $58,625.00). Required: favorablata ratal Charm's direct materiale venances rallver and crystals for the month of January (Round your intermediate calculations and final answers to 2 decimal places. Indicate the effect of each varlance by selecting "F" for Silver Crystals Direct Material Price Variance Direct Material Quantity Verlanca 2. Calculate Crystal Charm's direct labor variances for the month of January. (Round your intermediate calculations and final answers to 2 decimal places.Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.) Dirant Labor Rate Variann Direct Labor Ciliciency Variance